$1,300,000
1501 E College Drive Marshall, MN 56258
For Sale MLS# 6766738
Other
Details for 1501 E College Drive
MLS# 6766738
Description for 1501 E College Drive, Marshall, MN, 56258
Don't miss this rare opportunity to own a fully operational, turn-key diner in a high-traffic, high-visibility location in the heart of Marshall! This beloved eatery has been serving loyal customers for years, including locals, commuters and college students! The business is fully furnished, and the atmosphere is cozy and clean. Space has been allocated for the future addition of a drive-through. Whether you're looking to expand your business, cater or have another business idea entirely, this is the perfect space for your next venture. Bonus is that the buyer will receive the menu and recipes from Mike's Cafe, offering a part of two popular businesses with this sale!
Listing Information
Property Type: Commercial
Status: Active
Bathrooms: 2
Lot Size: 0.86 Acres
Square Feet: 4,702 sq ft
Year Built: 1972
Foundation: 4,702 sq ft
Stories: 1 Story
Subdivision: F J Mclaughlin 2nd Sub
Number Of Units Total: 1
Current Use: Commercial,Restaurant
County: Lyon
Days On Market: 211
Construction Status: Previously Owned
School Information
District: 413 - Marshall
Interior Features
Appliances: Dishwasher, Exhaust Fan/Hood, Freezer, Indoor Grill, Refrigerator, Gas Water Heater, Stainless Steel Appliances
Flooring: Other/See Remarks,Tile
Accessibility: Grab Bars In Bathroom, Wheelchair Ramp, Doors 36+
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate,Hot Water Separate
Cooling: Dual System
Heating: Natural Gas, Forced Air
Exterior / Lot Features
Open Parking: 54
Parking Description: Parking Lot
Exterior: Block, Brick/Stone, Vinyl
Roof: Age 8 Years or Less
Lot Dimensions: 50000
Zoning: Business/Commercial
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Inventory,Land, Road Frontage - City
Driving Directions
E College Dr, next to The Mattress Barn
Financial Considerations
Other Annual Tax: $12,323
Tax/Property ID: 272500010
Tax Amount: 12362.63
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Marshall Area Homes
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1501 E College Drive
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1501 E College Drive
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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